Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

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Elon Musk sells $3.58B worth of Tesla stock, purpose unknown
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Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent. elonmusk twitter tesla kprc2 click2houston

FILE - Elon Musk arrives at the justice center in Wilmington, Del., Tuesday, July 13, 2021. According to a filing posted late Wednesday, Dec. 14, 2022, by the U.S. Securities and Exchange Commission, Musk sold another $3.58 billion worth of Tesla stock during the week, but it wasnt clear where the proceeds were being spent. Musk has sold nearly $23 billion worth of Tesla stock since April, with much of the money likely going to help fund his $44 billion acquisition of Twitter.

Musk has sold nearly $23 billion worth of Tesla stock since April, with much of the money likely going to help fund his $44 billion acquisition of Twitter. The falling shares have bumped Musk from his status as the world's wealthiest person, with his net worth falling to $174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault.

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